Five years after the collapse of Lehman Brothers, central clearing services are appearing for over-the-counter derivatives in Asia Pacific, but challenges remain.
Tag : dodd frank
Asset managers appear resigned to the drive by governments globally to collaborate on information exchange and withholding requirements for combating tax evasion, says JP Morgan.
Agent securities lenders say planned US counterparty credit limits and money-market fund reforms are driving them into high-margin trades.
Under pressure from tighter regulations and shrinking trading volumes, broker-dealers say they need to reform their cash equity businesses to survive.
The sovereign wealth fund’s executive VP, Jesse Wang, labels proposed US and UK regulatory change “anti-globalisation” and challenges Hong Kong to step into the breach.
The bank becomes the second after Citi to combine trading execution with settlement/clearing on a multi-asset class platform.
